Industry News from Energy Services

A cloud of explosive natural gas boiling out of the North Sea from a leak at Total’s abandoned Elgin platform forced wider evacuations off the Scottish coast on Tuesday as the French firm warned it may take six months to halt the flow. ›

British prompt gas prices rose on Friday morning as planned maintenance at a terminal in Scotland reduced output from the facility, leaving the system undersupplied despite low demand and mild weather. ›

Oil advanced for the first time in three days in New York, trimming a weekly decline as investors bet that fuel demand will increase with an economic recovery in the U.S., the world’s biggest crude consumer. ›

Brent crude held above $125 on Friday, heading for its sixth weekly gain in seven, following news of a successful Greek debt swap deal that brings the country a step closer to securing a bailout needed to avoid a messy default. ›

British benchmark front-season gas prices rose close to a one-week high on Thursday as oil rebounded and analysts renewed concerns about Britain having to compete for liquefied natural gas (LNG) with higher-paying Asian buyers. ›